Starting from May 18, 2026, it will no longer be possible to open a new SmartSaver Vault with a term shorter than 12-Months.
All newly created Vaults will be available for terms ranging from 12 to 24 months.
What does this mean for your existing Vaults with terms below 12 months?
Your existing active Vaults will continue as normal and will not be affected by this change.
If you have auto-renewal enabled, your Vault will continue to renew automatically at maturity.
If auto-renewal is not enabled, your Vault will mature as scheduled and the funds will be returned to your Main SmartSaver Account balance.
If you want to keep using your Vaults with terms below 12 months, enable auto-renew before they reach their maturity date.
Monthly Payouts & Passive Income
Monthly Payouts have now been expanded and are available for all 12 to 24-Month Vaults, offering greater flexibility and a more rewarding experience.
In addition to receiving regular Monthly Payouts directly to your Main SmartSaver Account, you can also take advantage of the enhanced Passive Income. This feature allows earnings from your Vault payouts to be automatically transferred to your linked bank account or card alongside the earnings from your main account, creating a seamless and hands-free passive income experience.
Monthly Payouts - Now available for all 12 to 24-Month Vaults
Passive Income - Now includes Vault payouts alongside Main Account earnings
How to Enable Monthly Payouts & Passive Income:
You can enable Monthly Payouts individually for each Vault, giving you the flexibility to choose which Vaults participate based on your personal preferences and financial goals.
Passive Income can be easily activated from your Main Summary page, allowing you to manage and monitor your earnings conveniently from one central location.
If you have any questions, our customer support team are here to help via Live Chat & Email at [email protected]